Pages

Search NaijaAgroNet

Thursday, October 3, 2013

Oyo, Canadian firm signs N209.8bn MOU on mechanised agric

The Oyo State government has signed a memorandum of understanding
(MoU) worth $1.3 billion about N209.8 billion with a Canadian agricultural company
for the development of the state agricultural sector towards the production of
tomatoes, vegetables, fruits, chicken as well as wind solar system.

At the signing ceremony in the state, the excited Oyo State
Governor, Abiola Ajimobi explained that his trips abroad had paid off as the
MOU with the Canadian company will see that the project commence in the next
three months and to attain full scale
production in the next two years.

NaijaAgroNet
learnt from Governor Ajimobi that the investment which would be second to none
in the annals of agriculture in Africa is meant to enhance food security and
also to provide job opportunity for the teeming unemployed youth in the state
and beyond.

He commended the firm, SGNTT,
for its commitment to the development of agriculture and for its readiness to
invest in the state’s agricultural sector and noted that” The MoU is a
milestone. It is a legacy that will stand the test of time. It will be second
to none in terms of the opportunities available in agriculture.”

The leader of the team, Edward Ndububa disclosed that based on the understanding with the state
government, the firm is committed to partner with it in the area of large scale
mechanised agriculture, while the project
would be located in Itesiwaju and Afijio local government areas of the state